Post Utme Afe Babalola University 2019 Commerce Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2019 Commerce Objective / Multiple Choice
Question 22 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • COMMERCE • objective

A bank's primary objective is to maximize shareholder value. Which of the following is a correct statement regarding the bank's role in the economy?

Answer Options

A. To provide loans to consumers at low interest rates.
B. To manage the country's foreign exchange reserves.
Correct Answer C. To act as a financial intermediary between savers and borrowers.
D. To print money to finance government spending.
Correct Answer
C
Correct Option:
To act as a financial intermediary between savers and borrowers.

About This Question

This is Post Utme Afe Babalola University 2019 Commerce Question 22. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Commerce examination.

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